VP, Chief Risk Officer

PJM Interconnection, LLC; Audubon (IA); On-site; USD 100,000 - 130,000; Full time

Benefits offered by this job

Medical, vision, and dental insurance

401(k) plan with 100% employer match

Paid vacation and holidays

Tuition reimbursement

Life insurance

Disability coverage

Employee assistance program

Job summary

PJM Interconnection, LLC, located in Audubon, Iowa, is looking for a seasoned Risk Management leader to oversee enterprise risk management operations. The role involves coordinating with senior leadership and providing oversight for market and credit risk while developing governance frameworks.

The ideal candidate will have a Bachelor's degree in a relevant field, at least 10 years of leadership experience in risk management, and strong communication skills. The position offers a comprehensive benefits package, including health insurance and a 401(k) plan.

Qualifications

• 10+ years of experience in risk management leadership roles.
• Extensive experience with market risk and regulatory oversight.
• Communication and advocacy skills to influence stakeholders.

Responsibilities

• Oversee PJM’s enterprise risk management operations and reporting.
• Lead risk management committee and oversee quantitative scenario testing.
• Develop governance frameworks and establish risk appetite in partnership with executives.

Skills

Risk management leadership

Credit and financial risk management

Strong communication skills

Analytical skills

Collaboration across divisions

Education

Bachelor's degree in Business Administration, Economics, Finance, or related field

MBA or advanced business degree (preferred)

Job description

Responsibilities

Oversee PJM’s enterprise risk management operations, coordinating with senior leadership and the Risk and Audit Committee to identify, monitor, and mitigate strategic, operational, financial, market, regulatory, cyber, and reputational risks. Provide independent oversight of market and credit risk, collateral management, underwriting, trade risk analytics, model validation, KYC, and quantitative risk analytics.

Develop governance frameworks and risk controls, defining measurement methodologies and internal process changes. Coordinate risk reporting, including automated risk dashboards, and maintain clear communication with the CEO, CFO, General Counsel, Board, and external stakeholders.

Lead the Risk Management Committee, reviewing credit and collateral requirements and ensuring timely communication of material risks to senior leadership. Provide oversight of quantitative scenario testing, automated risk reporting, and enterprise risk coordination across all PJM functions.

Establish risk appetite, tolerance levels, and key risk indicators in partnership with executives, providing risk‑based recommendations and insights for regulatory filings and market rule changes. Ensure compliance with audits, policy, and regulatory standards, and support staff risk awareness training.

Perform thorough assessments of current credit, model validation, and enterprise risk management functions, recommending organizational and technology changes to improve effectiveness.

All other duties as assigned or requested by the CEO.

Qualifications

Required:

• Bachelor’s degree in Business Administration, Economics, Finance, or a related field.
• At least 10 years of experience in risk management leadership, including managerial/supervisory roles.
• Extensive credit and financial risk management skills and analytical experience with market risk and regulatory oversight.
• Strong communication, advocacy, and influencing skills, with demonstrated collaboration across divisions.

Preferred:

• MBA or advanced business degree.
• Experience with PJM agreements, tariffs, and operations in a large competitive wholesale electricity market.
• Prior participation in PJM committees or similar regulatory bodies.

Benefits

• Medical, vision, and dental insurance
• 401(k) plan with 100% employer match up to 5% of salary
• Non‑elective 401(k) employer contribution
• Paid vacation and holidays
• Tuition reimbursement
• Life insurance
• Accidental death and dismemberment insurance
• Short‑term and long‑term disability coverage
• Business travel and accident insurance
• Child day‑care referral program
• Employee assistance program
• Adoption benefits through the Dave Thomas Foundation for Adoption